Location: Perry County, MO | Metro: Perry County, MO
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $291,632 | 0.45% | F |
U.S. Census Bureau data (2024)
The ZIP code 63748 presents a dynamic rental market influenced by the Federal Market Rent (FMR) and actual market conditions. With an FMR of $920 for fiscal year 2026, the government benchmark suggests a higher rent threshold compared to the current market rent of $763, based on Census American Community Survey (ACS) data. This discrepancy indicates that the market rent is below the federal guideline, which could imply either a stable supply-demand balance or a slight oversupply of rental units.
The median home value stands at $273,664. While this figure alone doesn't reveal the supply-demand relationship, it can be indicative of the overall economic health and desirability of the area. If home values remain relatively steady or increase, it suggests a growing interest in homeownership, which might reduce the number of available rental properties and increase competition among renters.
A key indicator of rental market dynamics is the percentage of renters in the area. In ZIP 63748, the renter share is 7.4%. This low percentage of renters relative to homeowners could mean that the area has a strong preference for homeownership, potentially indicating that demand for rentals is lower than in areas with a higher renter share. However, it also implies that there is long-term housing pressure as those who choose to rent may find it challenging to secure a property, especially if the number of rental units is limited.
The absence of specific data on price-cut share and days on market (DOM) makes it difficult to draw definitive conclusions about the immediacy of supply versus demand. Yet, the combination of a lower-than-FMR market rent and a modest renter share suggests that the market is not currently experiencing significant upward pressure from demand. Landlords and small-portfolio investors should monitor trends closely, particularly any changes in the renter share and median home values, to understand how the market is evolving.
In summary, ZIP 63748 is a market where the rental sector appears to be stable, with a slight indication towards a balanced or slightly oversupplied rental environment. The low renter share points to a community leaning towards homeownership, which can exert long-term pressure on the rental market if the trend continues. For investors, understanding these dynamics is crucial for making informed decisions about property investments in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.